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| 4802 | COVID will be a driver for acceleration in automation | The latest CoBank report foresees a major change in the US supply chain from field to grocery and restaurants. | <p>Economists from CoBank are predicting major changes in the US food industry. According to them, challenges brought on by COVID-19 will hasten automation throughout supply chains. The widely anticipated summer economic boom is well underway and U.S. consumers are spending on services again. Jobs are abundantly available, but workers are scarce as the labor market is healing more slowly than most economists expected. According to a new Quarterly report from CoBank's Knowledge Exchange, labor challenges felt during the pandemic and continuing today will incentivize businesses throughout the food supply chain to rapidly increase automation within their operations.</p> <p>"The most significant and lasting impact from COVID will be an acceleration in automation," said Dan Kowalski, vice president of CoBank's Knowledge Exchange division. "And it will affect the entire supply chain from field to grocery and restaurants. It won't be an overnight transformation, but much larger investments in technology now will lead to a much more automated supply chain over the next few years."</p> <p><strong>Elevated prices for food</strong></p> <p>In this market, higher prices in the short and medium-term are a certain thing, as increases in raw material and transportation costs, combined with higher wages, are causing retailers to push those higher costs on to consumers. US consumers have benefited from very low food inflation for much of the past decade, but higher prices are a near certainty for the next year.</p> <p>Grocers and restaurants are anxious to learn what and how consumers will want to eat in the new equilibrium. The coming adjustments will look quite different for each segment of the food supply chain. But the acceleration in change will be meaningful, and strategic steps to build more resilient businesses are coming sooner than previously believed.</p> <p><strong>Retail grocery sales are growing</strong></p> <p>Meat and poultry prices hit record highs in mid-May as foodservice and retail grocery pipelines were primed for post-COVID consumer activity and summer celebrations. Foodservice sales reached pre-COVID levels in April, hitting an all-time monthly high of $75.3 billion. More illuminating, however, is that overall retail grocery sales growth is up 7.3% from a year ago and 15.3% from 2019, providing evidence of longer-term changes in consumer behavior.</p> <p>Chicken industry margins have markedly improved from the worst of 2020 and profitability should remain strong through the end of 2021. However, the well-publicized issues with chicken breeding stock changes in the past couple of years have limited short-term expansion potential.</p> <p>Pork has been one of the highest rising commodities in 2021, with lean hog futures topping out at $122 in mid-June. Strong consumer demand for meat, tight supplies of competing meats and declining pork production in the second half of the year are all tailwinds for pork prices for the remainder of 2021. However, Chinese pork prices have dropped 65% since the beginning of the year, signaling a significant reduction of US pork exports to China in the second half of the year.</p> <p>Despite beef prices being at or near record highs, cattle ranchers and feeders are currently facing limited national slaughter capacity, high feed costs and the liquidation pressures of exceptional drought hitting the western US. With packer margins reportedly hitting $1,000/head earlier in the year, it is not surprising that producer organizations have pressured Congress to intervene. The national beef herd is already in contraction due to weak cow-calf profitability going back as far as 2015.</p> | 1 | Market | 2021-07-09 10:43:00 | 2025-08-05 01:44:58 | Details Edit Delete | ||
| 4803 | Russia becomes the largest meat supplier for Vietnam | In the first half of the year, Russian meat exports to the Asian country have reached almost 50,000 tonnes. | <p>The latest data from the Ministry of Agriculture and Rural Development showed that Vietnam imported about 70,000 tonnes of pork and pork products by the end of the first six months, reported The Star newspaper. The main meat import markets are Russia, the US, India, the Netherlands and Poland. Russia has become the main supplier of meat products in the Vietnamese market, reaching almost 50,000 tonnes shipped in the first six months of 2021, up 500% from the same period last year. The value of meat exports to Vietnam has surpassed $100 million, marking an increase of 450% compared with H1 2020. <br />Since 2020, Vietnam has increased pork imports to cover a deficit in the domestic market. However, even if the trend is still present in the market, officials from the Ministry of Agriculture say that the volume of pork imported represents about 4% of the total volume of meat in the Vietnamese market. According to official data, the re-herd work of the livestock industry has achieved positive results due to high figures in livestock imports. The country imported 12,800 breeding pigs and over 2.2 million breeding poultry in the first six months of the year. As a result, the pig herd increased by 11.6%. with meat output reaching more than 2 million tonnes, while cattle and poultry inventories recovered with a total meat output of all kinds estimated at 3.16 million tonnes, a year-on-year growth of 22.58%. The average pork price in the Vietnamese market is about $5/kg.</p> | 1 | Market | 2021-07-12 09:23:08 | 2025-08-06 06:30:47 | Details Edit Delete | ||
| 4804 | EU poultry and beef sectors to see a decline in production | Pork is the only meat that is expected to see a growth in production this year, according to a short-term outlook from the European Commission. | <p>Mixed image for meat production in the EU this year, according to the latest short-term outlook from the European Commission. While pork is expected to add 394,000 tonnes (1.7%) to the volumes reported last year, other sectors are expected to go in the opposite way.<br />In terms of exports, EU pork will see o growth of 5%, despite the trade barriers that appeared after Brexit. At the same time, EU beef production is expected to decline 1.3% (92,000 tonnes) in 2021, due to lower demand for food services. However, exports to high-value markets such as Canada and Japan should continue to increase thanks to recent trade agreements.<br />The poultry industry is expecting a similar evolution due to avian flu outbreaks reported in the main producing markets and high feed prices. Poultry production will drop by 0.9% this year (- 121,000 tonnes) but is expecting an increase in domestic consumption across the bloc as the food service is reopening. However, frozen stocks should partly satisfy this additional demand, leading to apparently stable consumption.</p> <p>EU sheep and goat meat production should remain stable in 2021, with an increase of 0.1% (688 tonnes), despite relatively high prices. In terms of demand, the reopening of food services should have a positive impact on the second half of the year. </p> | 1 | Market | 2021-07-12 10:24:02 | 2025-08-05 22:49:28 | Details Edit Delete | ||
| 4806 | 28% of the Danes have reduced their meat intake | According to a survey conducted in Denmark, 66% of respondents are aware of new dietary guidelines. | <p>The new dietary guidelines presented to Danes at the beginning of this year recommend less meat and a plant-rich diet and two in three consumers claim they are aware of this, according to a survey from Epinion. <br />Among the Danes who know the dietary advice, 42% answer that they eat more plant-rich and varied weekly or every day, and 28% answer that they eat less meat weekly or every day. "It is hammering strong that the new dietary advice has come out to the Danes, and that more also follow them. It's good for ourselves and the climate. This does not mean that you should never eat meat. I even love a good steak or a juicy piece of roast pork. And there must be room for that. But plant-rich meals can taste insanely good, and I get inspired on a daily basis to cook with more vegetables, fish and less meat. I also hope that the Danes will continue to do so," commented minster Rasmus Prehn.<br />The survey was conducted on 2,076 respondents and although the figures are good, minister Prehn is well aware that it is not so easy to change habits just because some new recommendations have been made.<br />"The dietary guidelines are still new, and I also take small steps every single day. And there are no raised index fingers. But the dietary guidelines show how we can put together our meals for the benefit of our own and the planet's health. And therefore it is extra important to remind ourselves and each other that even small steps make a difference," he added.<br />Data presented by scientists and authorities are showing that: <br />-if the dietary guidelines are followed, it reduces the climate footprint from food between 20-35 percent;<br />-the majority of Danes believe that it is important to fight climate change through what we eat, and six out of ten want to eat more climate-friendly.</p> | 1 | Market | 2021-07-13 05:11:45 | 2025-08-04 04:23:21 | Details Edit Delete | ||
| 4809 | Global duck meat market could grow by $1,3 billion in three years | Last year, the growth in the global market was 2.09% and countries in the Asia-Pacific region are expected to secure a CAGR of 2%. | <p>The duck meat market could grow by $1,3 billion over three years, according to market researchers from Technavio. Last year, the global market for duck meat expanded by 2.09% supported by increased demand from APAC countries such as China, Japan, and Malaysia. 80% of the market’s growth originated from APAC in 2019. Factors such as increasing health awareness, the convenience offered by processed meats, and the expansion of fast-food chains are driving the growth of the market in APAC. according to the analysts, market growth in this region will be faster than the growth of the market in the Middle East and Africa. Based on the product, the market saw maximum growth in the fresh duck meat segment.</p> <p><img src="/files/pictures/article/IRTNTR44274.jpg?1626266782207" alt="IRTNTR44274" height="100%" /></p> <p>The segment is driven by the rising awareness about the health benefits associated with the consumption of duck meat and the expansion of production capacities by vendors.<br />Technavio estimates the global duck meat market to grow by USD 1.31 billion, progressing at a CAGR of over 2% during the forecast period. The market is driven by the increasing global production of duck meat. However, the increasing popularity of the vegan diet might challenge growth.<br />At the same time, this segment of the poultry industry may also be impacted by an unexpected development in cultured meat production. In France, a company named Gourmey just raised $10 million from private investors in a bid to develop lab grown foie gras. This foie gras is not made from force-feeding geese until their livers become horrifically engorged. This kind is being grown cruelty-free in a lab using stem cells taken from duck eggs.<br />"In the egg, you have stem cells and they have the capacity to divide and multiply indefinitely, as long as they have a good environment. We isolate them from the egg and give them a controlled environment that replicates the egg’s environment,” explained Nicolas Morin-Forest, co-founder and CEO of Gourmey.</p> <p>The cells are fed on the same nutrients that a duck would be given — proteins, amino acids, lipids. “The cells multiply as if they are in the egg, then you adjust the nutrients to trigger the cell type that you want. So if you want liver cells, or muscle cells, you adjust the inputs and the cells react to that. We then harvest muscle cells, fat cells, or liver cells and craft our products,” he added.<br />The startup decided to focus on this gourmet product due to a ban placed in several parts of the world for traditionally crafted foie gras and, of course, the price of the product. Gourmey's CEO believes that soon any kind of poultry meat can be produced in the labs thanks to this technology. Currently, Singapore is the first country in the world to put lab-grown chicken meat on the market. Other parts of Asia are advanced in drawing up regulatory frameworks, as is the US. <br />However, in the EU foods need to be proven to be safe before receive the OK to enter the market. This is a process that may take up to five years to offer a clear result on how safe are these types of products for human consumption.</p> <p> </p> | 1 | Market | 2021-07-14 10:55:34 | 2025-08-06 08:09:41 | Details Edit Delete | ||
| 4811 | Meat prices increased for nine months in a row | The FAO Meat Price Index is now 15.6 percent above its value in the corresponding month last year. | <p>Global food commodity prices fell in June for the first time in 12 months, according to a benchmark United Nations report released last week. The FAO Food Price Index averaged 124.6 points in June 2021, down 2.5 percent from May, but still 33.9 percent higher than its level in the same period last year. The decline in June marked the first drop in the Index following twelve consecutive monthly increases. <br />However, there is a mixed picture in the global food market, with meat and sugar prices moving against the trend. The FAO Sugar Price Index moved against the overall food price trend, rising by 0.9 percent month-on-month, marking the third consecutive monthly increase and reaching a new multi-year high. Uncertainties over the impact of unfavourable weather conditions on crop yields in Brazil, the world's largest sugar exporter, exerted upward pressure on prices.</p> <p>The FAO Meat Price Index also rose by 2.1 percent over the month to June, continuing the increases for the ninth consecutive month and placing the index 15.6 percent above its value in the corresponding month last year, but still 8.0 percent below its peak reached in August 2014.</p> <p><span class="VIiyi" lang="en"><span class="JLqJ4b ChMk0b" data-language-for-alternatives="en" data-language-to-translate-into="pt" data-phrase-index="1">The prices of all types of meat considered in the index – beef, chicken, pork and sheep – increased last month, driven by strong global demand and increases in imports from</span> <span class="JLqJ4b ChMk0b" data-language-for-alternatives="en" data-language-to-translate-into="pt" data-phrase-index="2">some countries in East Asia offsetting the slowdown in purchases by China.</span></span></p> <p>The FAO Vegetable Oil Price Index fell by 9.8 percent in the month, marking a four-month low. The sizeable month-on-month drop mainly reflects lower international prices of palm, soy and sunflower oils.</p> <p>The FAO Cereal Price Index fell by a more moderate 2.6 percent from May, but remained 33.8 percent higher than its value in June 2020. International maize prices dropped by 5.0 percent, led by falling prices in Argentina due to increased supplies from recent harvests as a result of higher-than-earlier expected yields. International wheat prices declined slightly by 0.8 percent in June, with a favourable global outlook supported by improved production prospects in many key producers outweighing most of the upward pressure from dry conditions affecting crops in North America.</p> <p>The FAO Dairy Price Index fell by 1 percent to 119.9 points in June. International quotations for all dairy products represented in the index fell, with butter registering the highest drop, underpinned by a fast decline in global import demand and a slight increase in inventories, especially in Europe. </p> | 1 | Market | 2021-07-14 11:36:21 | 2025-08-06 00:00:37 | Details Edit Delete | ||
| 4813 | $5.38 billion growth expected in the US processed meat market | Between 2021 and 2025, the segment will progress at a CAGR of almost 4%. | <p>The US processed meat market is poised to grow by USD 5.38 billion during 2021-2025, progressing at a CAGR of almost 4% during the forecast period, according to the latest market report from Technavio.<br />Due to the effects of the COVID-19 crisis, processed meat has increased sales in the US, with a CAGR of 4.24% expected for this year only. The market is driven by the increasing demand for convenience foods, says the analysis. The best-positioned companies in the market are Aurora Packing, Ben E. Keith, Cargill, Conagra Brands, Foster Farms, OSI Group, Pilgrims Pride, Sysco Corp., Kraft Heinz and Tyson Foods.</p> <p><img src="/files/pictures/article/IRTNTR43417.jpg?1626339573086" alt="IRTNTR43417" height="100%" /></p> <p><br />However, an increase in meat prices is expected in the medium-term as the feed prices and additional costs (labor, logistics, safety) are expecting to have an important impact in the following years.<br />Currently, US pork and beef prices have increased in the last two months by 3.8% and 2.4% but mostly on the fresh segment due to a shortage in supply and high demand created by the grilling season. Nevertheless, the trend is expected to continue for the following months.</p> | 1 | Market | 2021-07-15 08:01:45 | 2025-08-05 23:41:32 | Details Edit Delete | ||
| 4816 | Brazilian halal poultry shipments, close to 1 million tonnes | Halal poultry exports to the Middle East have increased in the first half of 2021. | <p>Almost 950,000 tonnes of halal poultry products have been exported from Brazil to Arab countries in the first six months of the year. In terms of value, shippents to the Middle East are woth $1.3 billion, according to data released by the Brazilian Association of Animal Protein (ABPA). The main importers were: Saudi Arabia with 396,365 tonnes; UAE 239,826 tonnes; Yemen 85,130 tonnes, Kuwait 73,050 tonnes and Libya 64,918 tonnes.<br />The total amount of halal poultry exported by Brazil accounts for an average of 40% of Brazilian poultry meat exports. "The world needs quality protein. It is important to maintain our resilience and continue with strict sanitary controls, seeking and expanding business opportunities. Our goal is to cover the types of proteins for the halal market, including halal sheep and goat meats. The idea is to offer more halal-certified meat options to Muslims around the world. We have a demanding export market and some Brazilian slaughterhouses targeting the Middle East", explains Omar Chahine, International Relations Manager at Cdial Halal (a halal certification agency in Brazil), quoted by Avicultura Industrial magazine.</p> | 1 | Market | 2021-07-16 08:06:49 | 2025-08-06 03:25:35 | Details Edit Delete | ||
| 4819 | Lab-grown meat market to value $25 billion in 10 years | Key factors for this are consumer acceptance, risks, cost position, policy response and supply. | <p>Cultivated meat market may reach a value of $25 billion over the next decade, according to a market analysis released by McKinsey. "Since developing the first prototypes, companies have been able to reduce production costs by 99%. In late 2020, at an upscale club in Singapore—the only country thus far to approve consumption of cultivated meat—diners feasted for the first time on crispy sesame chicken with the central ingredient grown from animal cells. Regulatory bodies in the United States have announced agreements to regulate the product, while the European Union awarded a multimillion-euro grant for research. The industry, which at present comprises fewer than 100 start-ups, attracted roughly $350 million in investments in 2020 and about $250 million thus far in 2021 from some of the largest animal-protein players, including Tyson and Nutreco, and well-known investors, including Temasek and SoftBank," says the report.<br />However, the estimates on the market value are ranging between $5 billion and $25 billion, depending on the growth scenario: low, medium, high.</p> <p><img src="/files/pictures/article/Screenshot%202021-07-19%20at%2008-38-46%20McKinseyCompany_-__Carne_cultivada_Del_laboratorio_a_la_sart%C3%A9n%20pdf.jpg?1626676145286" alt="Screenshot 2021-07-19 at 08-38-46 McKinseyCompany_-__Carne_cultivada_Del_laboratorio_a_la_sartén pdf" height="100%" /></p> <p>Reaching a $25 billion cultivated meat market by 2030 will require the annual production of 1.5 million tonnes of cultivated meat. At current levels of cell-culture productivity, the industry would need anywhere from 220 million to 440 million liters of fermentation capacity, enough to fill 88 to 176 Olympic-size swimming pools. Considering that the pharma industry’s current cell-culture capacity is estimated to be between 10 million and 20 million liters5 (less than ten swimming pools), it will take a massive capital build-out just to reach 1% of the protein market.</p> <p><br />The future pace of adoption and market size will depend on five key factors:<br /> — Consumer acceptance. Will diners dig into cultivated chicken nuggets and burgers and, eventually, filet mignon and salmon steaks? <br />— Risks. How will the industry address concerns about health and safety, jobs, and possible economic ripple effects?<br />— Cost position. Will cultivated meat become a bargain, relative to conventional meat, energizing demand?<br /> — Policy response. How will countries and regions address the development of this new industry?<br /> — Supply. Will the world make enough cultivated meat to achieve economies of scale?<br />However, the estimates on the market value are ranging between $5 billion and $25 billion, depending on the growth scenario: low, medium, high.</p> <p>At the same time, the animal-protein market is growing 1 percent annually, with volume expected to reach 531 million tonnes by 2030. See how the animal protein market looked, by region, in 2019.</p> <p><img src="/files/pictures/article/Screenshot%202021-07-19%20at%2009-01-05%20McKinseyCompany_-__Carne_cultivada_Del_laboratorio_a_la_sart%C3%A9n%20pdf.png?1626676231696" alt="Screenshot 2021-07-19 at 09-01-05 McKinseyCompany_-__Carne_cultivada_Del_laboratorio_a_la_sartén pdf" height="100%" /></p> <p><br />In an optimistic scenario, lab-grown meat could cover 0.5% of the animal protein consumed at the end of this decade.</p> <p> </p> | 1 | Market | 2021-07-19 05:31:00 | 2025-08-06 07:16:54 | Details Edit Delete | ||
| 4822 | US meat exports reach new heights | Beef exports reached a new volume high in May, while pork export volume was the third-largest on record. | <p>Data released by USDA and compiled by the US Meat Export Federation (USMEF) show that meat exports for the first five months of the year have surpassed the expectations, especially in May when pork and beef exports have reached new heights.<br />"The outstanding May performance is especially gratifying when you consider where red meat exports stood a year ago. The industry faced unprecedented, COVID-related obstacles at all levels of the supply chain, and a very uncertain international business climate. These challenges are still not behind us, but international demand has been very resilient," noted USMEF President and CEO Dan Halstrom. <br />While May beef exports were expected to far exceed last year’s low totals, export volume soared to a record 133,440 tonnes, up 68% from a year ago, and value increased 88% to $904.3 million. This was the third consecutive monthly value record for beef exports, which had never exceeded $800 million before March 2021. From January through May, exports reached 587,838 tonnes, up 15% from a year ago, while value increased 22% to $3.84 billion.</p> <p>May pork exports totaled 283,617 tonnes, up 16% from a year ago and the third-largest on record (trailing only March 2021 and March 2020). Export value exceeded $800 million for the first time in May, climbing 31% to $813.2 million. For January through May, pork exports were slightly below last year’s record pace at 1.34 million tonnes (down 1%), but export value increased 3% to $3.63 billion.</p> <p><strong>Key markets</strong></p> <p>Demand for US beef has increased in countries such as South Korea (29,403 tonnes, up 61% from a year ago; worth $225.4 million, up 87%), Japan (30,721 tonnes, up 54% from a year ago; valued at $208.3 million, up 71%), and China (16,472 tonnes; worth $130.2 million). In fact, January-May beef exports to China reached 64,763 tonnes valued at $474.7 million – each up about 1,200% year-over-year, establishing new annual records and placing the United States as the largest supplier of grain-fed beef to China.<br />May pork exports have performed excellent in Mexico (71,370 tonnes, up 89% from a year ago; valued at $151.6 million, up 158%), the Philippines (10,443 tonnes, up 353% from a year ago; with value up 370% to $28.7 million), Japan (936,504 tonnes, up 34% from a year ago; valued at $154.7 million, up 39%). Still, China/Hong Kong remains the largest destination for US pork in 2021. This is partly due to sustained demand for variety meat, for which exports through May were up 3% to 136,577 tonnes, with value up 9% to $332 million. But a slowdown in muscle cuts meant total exports were down 22% to 408,896 tonnes, valued at $952.7 million (down 24%). The continued decline in China’s pork and live hog prices suggests this trend is likely to accelerate in the coming months, underscoring the importance of further export growth to other destinations.</p> <p><strong>Not an easy way ahead</strong></p> <p>"USMEF remains optimistic that international demand will remain strong in the second half of 2021, but the road ahead is not an easy one. The US industry must continue to be innovative and aggressive in defending existing market share, while also expanding our customer base by responding to COVID-driven changes in the marketplace and shifts in consumer trends and preferences,” added Dan Halstrom.<br />He also cautioned that US labor availability remains a major concern and limitation for the industry, and exporters continue to face significant obstacles when shipping products overseas. Due to the ongoing, fluid impact of COVID-19, foodservice restrictions also continue to affect several key markets where dine-in service is either suspended or subject to capacity limits and shorter hours, and tourism has not yet returned in many countries.</p> | 1 | Market | 2021-07-20 07:01:50 | 2025-08-06 06:07:02 | Details Edit Delete | ||
| 4823 | Poultry imports in the Filipino market may drop - USDA | A recent adjustment on the 2021 forecast on the animal protein market shows that poultry imports will decline, while pork is expected to increase. | <p>A recent update on USDA's 2021 forecast for the Filipino meat market shows that the Asian country is expected to increase pork imports, while poultry may fall slightly. Fort this year, pork imports may reach 425,000 tonnes, while poultry is expected to add 330,000 tonnes in the domestic market.<br />For pork, the report raises imports for 2021 to 425,000 tonnes, 21% higher than the official USDA forecast initially (350,000 tonnes), based on trade trends and improved market access. At the end of June, the Filipino Government released new guidelines for Minimum Access Volume for pork imports, specifying an additional volume of 200,000 tonnes, of which 70% will be available from July to October 2021, and the remaining 30% (60,000 tons) will be available from November 2021 to January 2022.<br />In the first 4 months of the year, the Philippines imported almost 200,000 tonnes of pork.<br />Regarding poultry meat, the report adjusts the official forecast for 2021 from 350,000 tons to 330,000 due to the increasing tension in supply chains. While official trade data remains mixed, Philippine poultry processors have underscored the difficulties in sourcing mechanically deboned meat ((MDM)) as long as European supplies remain tight. </p> | 1 | Market | 2021-07-20 07:37:49 | 2025-08-06 00:56:52 | Details Edit Delete | ||
| 4826 | More beef imports in the US market | Brazil and New Zealand shipments have increased in the last half of the year. | <p>Brazil was the first country to report an increase in beef exports to the US and now New Zealand confirms the trend in the North American market. For the first five months of the year, Brazilian beef shipments to the US market rose 165.6% to 33,800 tonnes, according to Brazilian beef lobby Abiec. Exports surged 186% in May alone, making the United States the third biggest foreign buyer of Brazilian beef.<br />Meantime, New Zealand is also increasing its presence in the US beef market, according to Beefan+Lamb New Zealand (B+LNZ). NZ chilled beef exports to the US surged in both April and May, reflecting the improvement in the foodservice sector and the increasing appetite of US consumers for high-value beef. In May, chilled beef exports lifted 90% on May 2020, which might not be surprising given demand was depressed by the global COVID-19 pandemic. But, New Zealand’s chilled beef exports to the US in May 2021 were more than double the five-year average for May. The increase was accompanied by a 5% lift in average export value year-on-year and a 15% lift on the five-year average. This follows a similar trend in April.<br />In fact, US consumer spending on food in May lifted to a record high, surpassing the pre-COVID high seen in February 2020.<br />That may also be explained by the high exports figures for US beef, especially to China. According to USMEF, beef exports reached a new volume high in May, totaling 133,440 tonnes, up 68% from a year ago, with China accounting for 16,472 tonnes. January-May exports to China reached 64,763 tonnes valued at $474.7 million – each up about 1,200% year-over-year and already establishing new annual records.<br />Looking forward, US demand for meat protein is expected to remain high through 2021 as demand from the recovering foodservice sector continues to challenge available supplies. Demand from China is expected to continue to provide competitive pressure to prices, says the B+LNZ’s Economic Service team.</p> | 1 | Market | 2021-07-21 12:05:29 | 2025-08-04 15:39:37 | Details Edit Delete | ||
| 4828 | Brazilians are switching from beef to eggs and chicken meat | Beef consumption in the country is at its lowest level in 12 years, while poultry products have increased sales by 7 to 9 percent. | <p>Beef consumption in Brazil has dropped abruptly in the last couple of years, while consumers are focusing on cheaper protein alternatives such as chicken meat and eggs. Since 2020, meat prices have skyrocketed due to increased exports to China. Compared to the price level reported in 2019, pork is 29% more expensive, chicken meat prices have spiked by 17%, beef by 16% and eggs by 11%.</p> <p>Meat consumption has dropped 5% last year, due to economic uncertainties felt by consumers. Right now, meat consumption in Brazil is estimated at 36 kilo/.person, the lowest level since 2008. However, it is the 4th year in a row with a decline in meat consumption. Once a major beef consumer country, Brazil is now taking the role of the world's largest beef exporter. Prices, however, have discouraged consumption in the domestic market. So far, Brazilians are replacing beef on their plates with chicken meat and eggs, products with an increase in sales of 7% and 9%, respectively.<br />This trend is to stay, according to ABPA president, Ricardo Santin: "There will be an even greater boom in the consumption of chicken, pork and eggs."<br />The president of ABPA, Ricardo Santin, says that this scenario will remain even after the pandemic: "There will be an even greater boom in the consumption of chicken, pork and eggs."<br />In the expert's assessment, the arrival of the crisis accelerated a rearrangement in the participation of different types of protein in the population's shopping basket. According to an estimate by Conab (National Supply Company), Brazilians will consume this year the lowest amount of red meat per person in 25 years. Nevertheless, prices for all animal proteins are to increase in the following months. "We were resilient in the pandemic. We invested more than R$ 1 billion to keep the plants from stopping, protecting workers and not leaving food shortages. What happened in Europe and the United States, of lack of food on the shelf, did not happen here. But now we are losing our breath a little due to the increase in the price of corn and soy bran", explained Ricardo Santin.<br />To give you an idea, inputs make up 70% to 80% of the sector's production costs. From January 2019 to July 2021, on average, the price of corn jumped 170% and soybeans, 120%. Not even the packages escaped inflation. Flexible polyethylene packages rose 91% from July 2020 to April this year. The increase in costs will be passed on to the consumer and the price of proteins will remain high in 2021, estimates Santin.</p> | 1 | Market | 2021-07-22 10:15:39 | 2025-08-06 07:41:52 | Details Edit Delete | ||
| 4829 | Poultry to dominate consumption by 2030 | 17% increase in production is expected over the next 10 years - OECD&FAO. | <p><br />Poultry is to represent the clear choice of consumers over the next 10 years, according to a recent forecast released by OECD and FAO. Global meat production is projected to continue growing over the coming decade, but at a slightly slower rate than over the past 10 years. Compared to the 2018-2020 average, meat production is set to increase by 13% by 2030.</p> <p>The overall increase is led by poultry production, which is set to rise by 17% by 2030, compared to the base period. Poultry benefits from favourable meat-to-feed price ratios and the short production cycle enables rapid genetic improvement. According to OECD-FAO, this will help boost its popularity relative to ruminant meat production in particular. From a consumer perspective, poultry is also perceived as a healthier option and has a lower price point. Most countries are expected to increase poultry production over the coming decade, though the UK is an exception where production remains relatively stable. Asia shows some of the strongest growth, facilitated by the current ASF-driven pork shortage, which benefits the popularity of poultry in the medium-term.</p> <p>Pig meat production is forecast to grow by 13% over the outlook period. African Swine Fever is expected to keep production below previous peak levels until 2023, after which a return to steady growth is expected. Specifically, the outlook anticipates that China will return to pre-ASF pork production in 2023. Unlike most regions, pig meat production in the EU and UK is not expected to follow a growth trend, influenced by environmental and public concerns.</p> <p>Beef is expected to show a much smaller degree of production growth in the coming decade, increasing by just 6%. This reflects weakening demand, as consumers increasingly prefer poultry meat. Within the EU and the UK production is expected to fall, as productivity improvements reduce the size of the dairy herd, while suckler beef faces challenges with profitability.</p> <p>Sheep meat production is relatively small on a global scale, but a stronger increase of 16% is forecast by 2030. This is mostly due to growth from Asia, particularly China, Pakistan and India. In the EU and UK production is expected to remain stable. "Increases in global meat consumption in the coming decade is largely driven by income and population growth from developing countries. International meat trade will therefore increase in response to growing demand from Asia and the Near East, where demand growth outpaces any increase in production," declared Bethan Wilkins, Senior Analyst, AHDB.</p> | 1 | Market | 2021-07-22 12:15:19 | 2025-08-05 12:30:28 | Details Edit Delete | ||
| 4832 | No shock-wave in the German pig market | German pig prices have remained unchanged this week despite the discovery of African Swine Fever (PSA) disease in farm animals. | <p>The recent discovery of African Swine fever in three German pig farms had no echo in the domestic pig market. Prices for German pigs were the same as last week, at 1.42 euros a kilogram of slaughter weight, according to Germany's animal husbandry association, VEZG. The last case was confirmed over the weekend on a backyard farm, while the first two were reported on an organic pig farm with 200 animals and a small farm in the eastern state of Brandenburg.<br />Previous cases have been found only in wild animals, with 1,267 confirmed so far in wild boar in the Brandenburg area. Brandenburg borders Poland, where the disease is widespread. "I think the unchanged hog prices show that the discovery of ASF on German farms was not really a critically important event for the market. The farms were in the eastern part of Brandenburg, where it has already been found on a large scale in wild animals, so there hasn't been any significant change in the restriction zones used to fight the disease," mentioned Tim Koch, meat analyst at German market consultancy AMI, for Reuters.<br />Brandenburg is not one of the important pig producer states in Germany and the production will not be impacted by this outbreak. At this time, Germany's domestic pork market is struggling with a lack of demand as restaurants and large events that generate demand for meat have not yet returned to normal with the continuing uncertainty about the increase in the number of COVID-19 cases.</p> | 1 | Market | 2021-07-23 06:25:50 | 2025-08-04 04:24:40 | Details Edit Delete | ||
| 4834 | China's pork deficit to reach 5 million tonnes | For the first five months of the year, pork imports increased by 10%. | <p>China is far from achieving the target of pig meat production, despite the increase in slaughter figures reported for the last three months. In fact, pork imports have increased by 10% in the first five months of this year compared with the same period of 2020. Besides that, 11 new ASF outbreaks with different variants of the virus have been reported since the beginning of the year, making it more difficult for farmers to take a chance of keeping the animals in farms instead of rapidly liquidating the herds.<br />New production models have been adopted to help the Chinese swine sector to reconstitute the 40% reduction in its pork herd but until then the giant Asian market will remain dependent on pork imports.<br />the deficit for this year is estimated at 5 million tonnes by a Brazilian expert. "In the accumulated from January to May this year, China imported 10% more pork than last year. If we look at the volumes exported by Brazil in 2021, we have already exported very close to 300 thousand tons, which is an increase of 20% compared to the same period last year. This proves that China continues to buy from Brazil, and from other countries. Today China produces around 40 million tons and should buy from the world in 2021, something around 5 million. Brazil should participate in 15% of the total volume," explained in a TV interview, Mr. Luis Rua, foreign market director of the Brazilian Association of Animal Protein (ABPA).<br />The US, Canada, Spain, Denmark and the Netherlands are the main competitors in this market, with Spain increasing its pork exports by 100% from last year. Between January and April 2021, Spanish pork exports have reached 617,609 tonnes and 1,418,2 million, figures that double those recorded in the same period in 2020, according to data collected by INTERPORC.</p> | 1 | Market | 2021-07-26 10:49:40 | 2025-08-05 23:31:48 | Details Edit Delete | ||
| 4836 | Garra International aims at quintupling its revenues in ten years | Two years after the merger of Brazilian KIT and New Zealander Garra, the new company is targeting $1 billion in revenue over the next decade. | <p><br />Two years after the merger that brought together Brazilian KIT and New Zealander Garra, the joint venture presents itself to the market fully integrated, now under the brand Garra International. And with an ambitious plan: to fivefold its revenues as an animal protein trading company in ten years, from USD 200 million to USD 1 billion.<br />The company’s current numbers are already impressive. The new Garra trades 120 thousand tons of poultry, beef, lamb, and pork every year – selling to approximately 500 customers in more than 60 markets. And, to meet such demand, it has operations in ten countries, including Brazil, United States, Egypt, United Arab Emirates, Australia, and New Zealand.<br />“We united a fully innovative company, with exponential growth, as KIT was, with all the tradition of quality and services that Garra had. Now, together, we can offer more services, in more countries, as well as other product options to our current customers and those to come”, says Frederico Kaefer, CEO of the company.<br />To achieve its growth target in the next decade, Garra International counts on a favorable global scenario. In 2021, the production of animal protein is expected to reach 346 million tons, the highest number in history, according to data from FAO – the United Nations Food and Agriculture Organization. By 2050, the consumption of these products should grow by 73% when compared to 2011. <br />This expansion is not only the result of population growth, but also an increase in income in developing countries. “China and India, for example, still have a low per capita consumption of meat. But these numbers have been expanding as their purchasing power increases, accompanied by a culture change in these countries”, says Kaefer.</p> <p>The global production, however, does not grow at the same rate, generating opportunities for well-positioned companies. “It is a market with very high demand and many players. In a scenario like this, buyers are seeking relationships of trust, relevant connections, which allow them to find complete solutions in a single place. And today, we are ready to face this new moment”, says.<br />Garra acts as a facilitator on both ends of the business, for buyers (distributors and food processors) and suppliers. And it does that by narrowing bridges and shortening distances – its offices around the globe provide great proximity to customers and agility in solving problems. <br />This structure, combined with our expertise in foreign trade, allows our partners to concentrate on what matters: managing their business. <br />In addition, Garra offers customized financial solutions, so that everyone can buy or sell in the main markets around the world. One of the advantages offered to the supplier is the advance payment, made before the good is shipped. The customer, in its turn, can count on credit options and different payment conditions, including transactions in local currency.<br />“This search for alternatives that suit each client’s operation is a trend that we have been observing for years. With the pandemic, this movement has intensified – and we are ready to further expand our offer”, says the CEO.<br />As part of this new business phase, Garra has also invested in its professionalization. The company hired accomplished professionals in the protein market, who are now part of the management team. “We were looking for a more global vision and qualified managers to become part of our team”, says Kaefer.</p> <p>Out of the five members of the company’s Board of Directors, three are independent. The CEO and the founder of the New Zealander company, Mr. Ali Mossalem, complete the list. “With the expertise of more than two decades in the market and a vast knowledge of our activity, Mr. Mossalem plays a very important role in Garra’s strategy in this new phase”, he says.</p> <p>Garra is a trading company that combines expertise and an international network of contacts to create relevant connections between both ends of the chain of supplies of animal protein, i.e., buyers and suppliers. With 26 years of history, the company has operations in more than ten countries and customers in approximately 60 markets. Garra offers complete solutions, including customized financial conditions, to maximize the gains in each operation. </p> | 1 | Market | 2021-07-27 06:25:11 | 2025-08-05 16:55:51 | Details Edit Delete | ||
| 4840 | Pig prices in China halved compared to the summer of 2020 | Massive liquidation in the pig herd has crushed the market. Exports, however, will remain high as China still struggles to contain ASF outbreaks. | <p>In June, the average pork prices index in China has dropped 16.4% from the previous month, falling to $3.1 per kilo. This represents a fall of 54.1% compared to the same period last year, according to official data, presented by Xinhua news agency.<br />Since the beginning of the year, pork prices in China have fallen sharply due to a significant improvement in supply and a decline in demand, prompting authorities to intervene with multiple measures to stabilize the market.<br />In June, the National Development and Reform Commission twice issued warnings about an excessive drop in pig prices, warning pig farmers to adjust their plans to stabilize supplies. The agency has also started to buy pork to replenish stocks at the central and local levels, as an index monitoring pork prices have fallen below the alert level. Since January, pork prices in China have dropped by almost 70%.<br />Despite this downturn in the Chinese pork market, international analysts are expecting imports to remain elevated, as the Asian country is to have a pig meat deficit of 5 million tonnes, according to estimates presented by the Brazilian Association of Animal Protein (ABPA).</p> | 1 | Market | 2021-07-28 08:10:49 | 2025-08-06 01:32:19 | Details Edit Delete | ||
| 4842 | Global pork market, still dominated by uncertainties | China remains the main factor that could lead the market to growth or to a rapid crush. | <p>The global pork market is under stress for almost three years, since the beginning of the ASF crisis in China. Despite the fact that for two years, almost every major pig producer country in the world has capitalized on China's high demand for pork, nowadays everyone is concerned about the increase in production resulted from a rapid herd liquidation that occurred in the last six months in China.<br />"Great volatility in Chinese hog and pork prices is rippling through the global market. China’s slaughter rates were unexpectedly high in Q2, pushing pork production up 35.9% YOY in 1H, according to official data. The sudden supply increase resulted in a sharp price decline and negative results in both farming and trading in 1H, pointing to low pork imports into China in Q3. While we expect hog and pork prices to rebound in Q3, the estimated high frozen pork inventory will impose a lot of downward pressure on prices. We expect the slowdown of imports in the coming months will reduce full-year imports from 2020’s record levels by 10% to 20%. This will lead to a redistribution of pork trade in the global market and could place downward pressure on pork prices in exporting regions," says the latest quarterly report released by Rabobank.<br />Meantime, in the US analysts are foreseeing a moderate production for the rest of the year as disease loss, lighter slaughter weights, and high feed costs will take their toll on the sector.<br />In Europe, the strong growth (5%) in production seen in the first half of the year will not continue over Q3. High feed costs and softening exports will limit production growth in Q3, according to Rabobank. Also, new ASF outbreaks in German domestic pig farms add new risks.</p> <p>In Brazil, pork production started the year at a good pace, due to 2020’s positive results (mainly in exports). However, high feed costs will discourage further production growth in the coming months in some regions. In terms of demand, the atypical increase in beef prices in the first months of 2021 following dry climatic conditions has favored the consumption of chicken and pork.</p> | 1 | Market | 2021-07-29 08:33:46 | 2025-08-05 15:05:28 | Details Edit Delete | ||
| 4850 | UK increases pig slaughter in H1 2021 | This came about as a result of changing market trends and consumer behaviour due to Brexit uncertainty and a last-minute trade deal at the end of 2020, as well as the unprecedented disruption caused by the Covid-19 pandemic. | <p>Data released by Defra show that 5.8 million pigs were slaughtered between January and the end of June 2021. This is 6.8% higher than last year and the largest number seen for a long time. Pig throughput at UK abattoirs was historically high for the first half of 2021, whereas lamb and beef supply was tight.<br />This came about as a result of changing market trends and consumer behaviour due to Brexit uncertainty and a last-minute trade deal at the end of 2020, as well as the unprecedented disruption caused by the Covid-19 pandemic, according to an analysis presented by Hybu Cig Cymru – Meat Promotion Wales in its Marlet Bulletin.<br />During that same period, prime lamb throughput was down by 8.8% on the year at 5.1million head – the smallest total for that time since 2012. The throughput of both cull ewes and rams was also significantly lower than the previous year. Similarly, UK cattle throughput reached the lowest level since the first half of 2015 at 1.3 million head. When compared to last year, this is 4.3% lower.<br />HCC’s Data Analyst Glesni Phillips said: “The significant rise in pig throughput led to an increase in total pig meat production. This came at a good time when demand for quality, locally produced meat was high among UK consumers. The decrease in lamb throughput was to be expected due to the slightly smaller lamb crop size, coupled with the increased number of lambs that came forward during the end of 2020 before the Brexit deadline. The beef cattle sector experienced similar issues, including a tighter supply and changes in trade patterns as a result of Brexit and the Covid-19 pandemic. As people across the country enjoy the Summer sunshine and fire-up their barbeques, sales of red meat, from steaks to sausages, are expected to surge. If the weather holds-up, the demand in the short-term should be here to stay.”<br />According to her, the tight supply of lambs and cattle gave some support to farmgate prices which was obviously welcomed by producers UK-wide. These strong prices have carried forward into July and remain above the averages seen over the last five years.</p> | 1 | Market | 2021-08-02 09:08:11 | 2025-08-05 13:06:20 | Details Edit Delete |
